Unfortunately, we are living in the period of crisis. And in the period of crisis all countries face restrictions of competition. When “Transaero” withdraws from the market because the company failed financial management, obviously the air transportation market is being monopolized. How many other companies have collapsed over recent years?

In the Kremlin, Vladimir Putin chaired a State Council meeting on priority areas of activity of the Russian regions to promote competition in the country. Head of the Republic of Udmurtia Alexander Brechalov, Head of the Federal Anti-Monopoly Service Igor Artemyev, Minister of Economic Development Maxim Oreshkin and Governor of the Ulyanovsk Region Sergei Morozov presented the main reports. The meeting participants discussed the measures needed to achieve the goals set forth in the Presidential Executive Order No. 618 of December 21, 2017 on State Competition Policy Guidelines.

News & Events

BRICS COMPETITION AUTHORITIES SIGNED A JOINT DECLARATION

22-11-2017 | 09:20

On behalf of FAS the declaration was signed by Stats-Secretary, Deputy Head of FAS Andrey Tsarikovskiy

In the joint Declaration signed on 10 November 2017 in Brasilia at the V BRICS Competition Conference, BRICS competition authorities recognize the importance of cooperation in the area of competition policy and antimonopoly enforcement.

Singing the document, BRICS also recognizes the need to search for solutions to global economic development issues, including growing inequality and the technological gap that is possible through market analysis.

To this purpose, BRICS competition authorities confirmed their adherence to the Memorandum of Understanding in the field of cooperation on competition law and policy signed in St Petersburg on 19 May 2016.

The parties to the Declaration acknowledge the need for further efforts towards unified multilateral cooperation through exchanging information and experience. They will continue discussing development of the common research platform on studying competition to support mutually beneficial cooperation between BRICS competition authorities.

The competition authorities of Brazil, India, China and South Africa supported the idea to hold the VI BRICS Competition Conference in 2019 in Russia.

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